7925 Burch Park DrEvansville, IN 47725

Property Details for 7925 Burch Park Dr

Year built

1978

Construction

WOOD

Lot size

2.41 AC

Property size (Sq ft)

5,496 SF

Property type

Office properties

APN

82-04-28-002-486.006-019

APU

820428002486006019

Description

This exceptional two-story office building, situated on a 2.41-acre lot in Evansville, Indiana, presents a compelling investment opportunity. Boasting 5,376 square feet of well-appointed space, this traditional office building is priced at $530,000, or $98.59 per square foot. Constructed in 1978, the property features twelve private offices, a conference room, a training room, and two restrooms and kitchenettes on each floor. The building is conveniently located on Burch Park Drive, offering easy access to Highway 41 and State Road 57, just minutes from the Evansville Regional Airport. The property's zoning is M-1, and the building itself is a 30' x 40' steel structure with a finished interior and central HVAC. The assessed property number (APN) is 82-04-28-002-486.006-019. The building is ready for occupancy on August 16, 2024. This property is perfect for a business seeking a well-established and conveniently located office space in a thriving area of Evansville. The ample square footage and numerous private offices provide flexibility for a variety of business needs. The strategic location ensures easy access for employees and clients alike. Don't miss this chance to acquire a valuable commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $949,445

  6.5%

  $876,411

  7%

  $813,810

• Comparable approach

  Method

  Valuation

  Relative Method

  $473,096

  Geo Method

  $473,096

• Alternative Use

  Use

  Valuation

  Residential

  $1,086,750

  Hospitality

  $995,457

  Educational

  $828,208

  Medical

  $856,692

  Retail

  $1,288,324

Location Insight

City

Evansville

County

Vanderburgh

State

Indiana

Latitude

38.0507

Longitude

-87.5371

CBSA code

21780

CBSA name

EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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